Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Experian (LSE: EXPN), a global information services company, issued an update on its trading performance on Thursday morning, resulting in a rise in its share price.
The company's CEO, Brian Cassin, revealed they “now expect total revenue growth for the full year in the range of 13-15%.”
The Ireland-based firm's operations in North America saw organic revenue growth of 22%, driven by progress in its initiatives such as consumer services seeing increasing 28%.
Further operations saw Latin America's organic revenue rise 25% and Asia Pacific organic growth of 19%.
The UK and Ireland made progress working through its transformation program as the region returned to growth. Organic growth increased by 20%, with total revenue at 35%, reflecting a rise in its B2B platform as clients increased investments in upgrading core underwriting systems. In addition, organic revenue for consumer services gained 37%.
“We delivered a strong performance in Q1 through a combination of successful delivery of our innovation-led strategy and faster than expected recovery as economies emerge from the COVID-19 pandemic”, stated Cassin.
The announcement saw Experian's share price gain 4.77%, climbing to 3119p.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .